Global Worked Flat Glass Market 2024

Worked Flat Glass Market Size

In 2021, after five years of growth, there was decline in the global worked flat glass market, when its value decreased by -1.2% to $X. In general, the total consumption indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +3.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +45.9% against 2015 indices. Over the period under review, the global market attained the maximum level at $X in 2020, and then fell in the following year.

Worked Flat Glass Production

In value terms, worked flat glass production declined to $X in 2021 estimated in export price. Overall, the total production indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +3.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +52.9% against 2015 indices. The most prominent rate of growth was recorded in 2017 with an increase of 17% against the previous year. Over the period under review, global production attained the peak level at $X in 2020, and then reduced in the following year.

Worked Flat Glass Exports

Exports

In 2021, global worked flat glass exports expanded significantly to X tons, surging by 11% compared with the year before. In general, total exports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +5.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +73.9% against 2014 indices. The growth pace was the most rapid in 2015 with an increase of 12% against the previous year. The global exports peaked in 2021 and are likely to see steady growth in the near future.

In value terms, worked flat glass exports soared to $X in 2021. Overall, total exports indicated modest growth from 2012 to 2021: its value increased at an average annual rate of +1.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +65.0% against 2015 indices. The growth pace was the most rapid in 2020 with an increase of 23% against the previous year. Over the period under review, the global exports hit record highs in 2021 and are expected to retain growth in the immediate term.

Exports by Country

China was the main exporter of worked flat glass in the world, with the volume of exports amounting to X tons, which was approx. 46% of total exports in 2021. Singapore (X tons) held a 13% share (based on physical terms) of total exports, which put it in second place, followed by South Korea (9.1%) and Taiwan (Chinese) (6.8%). The Czech Republic (X tons), Turkey (X tons), Belgium (X tons), Spain (X tons), Hong Kong SAR (X tons), France (X tons) and Italy (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to worked flat glass exports from China stood at +5.4%. At the same time, South Korea (+25.9%), France (+17.1%), Singapore (+16.1%), Turkey (+15.0%), Taiwan (Chinese) (+6.4%), Hong Kong SAR (+1.9%) and Italy (+1.7%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in the world, with a CAGR of +25.9% from 2012-2021. By contrast, Spain (-1.6%), the Czech Republic (-4.4%) and Belgium (-7.2%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Singapore, South Korea and Turkey increased by +7.9, +7.3 and +1.9 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest worked flat glass supplying countries worldwide were China ($X), South Korea ($X) and Taiwan (Chinese) ($X), together comprising 52% of global exports. These countries were followed by Singapore, Hong Kong SAR, France, Italy, the Czech Republic, Spain, Belgium and Turkey, which together accounted for a further 22%.

Among the main exporting countries, France, with a CAGR of +25.8%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average worked flat glass export price amounted to $X per ton, growing by 4.9% against the previous year. Over the period under review, the export price, however, continues to indicate a pronounced downturn. The growth pace was the most rapid in 2020 an increase of 12% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+7.4%), while the other global leaders experienced more modest paces of growth.

Worked Flat Glass Imports

Imports

In 2021, overseas purchases of worked flat glass increased by 34% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, total imports indicated moderate growth from 2012 to 2021: its volume increased at an average annual rate of +4.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +60.7% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, worked flat glass imports surged to $X in 2021. Overall, total imports indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +2.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +59.8% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Singapore represented the major importer of worked flat glass in the world, with the volume of imports accounting for X tons, which was near 34% of total imports in 2021. China (X tons) took the second position in the ranking, followed by Hong Kong SAR (X tons) and Vietnam (X tons). All these countries together held approx. 26% share of total imports. Germany (X tons), Taiwan (Chinese) (X tons), the United States (X tons), Malaysia (X tons), South Korea (X tons), Japan (X tons), Saudi Arabia (X tons) and Iraq (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to worked flat glass imports into Singapore stood at +6.7%. At the same time, Vietnam (+55.4%), Iraq (+49.6%), Saudi Arabia (+48.5%), China (+15.3%), Hong Kong SAR (+10.9%), Malaysia (+10.1%) and Taiwan (Chinese) (+8.9%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in the world, with a CAGR of +55.4% from 2012-2021. By contrast, Japan (-1.2%), Germany (-3.9%), South Korea (-7.0%) and the United States (-8.9%) illustrated a downward trend over the same period. Vietnam (+6.4 p.p.), China (+5.9 p.p.), Singapore (+4.9 p.p.), Hong Kong SAR (+3.6 p.p.), Saudi Arabia (+1.7 p.p.) and Iraq (+1.6 p.p.) significantly strengthened its position in terms of the global imports, while South Korea, Germany and the United States saw its share reduced by -3.7%, -3.9% and -5.9% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest worked flat glass importing markets worldwide were China ($X), Singapore ($X) and Japan ($X), with a combined 50% share of global imports. South Korea, Hong Kong SAR, Taiwan (Chinese), the United States, Vietnam, Malaysia, Germany, Saudi Arabia and Iraq lagged somewhat behind, together accounting for a further 38%.

Vietnam, with a CAGR of +42.9%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average worked flat glass import price amounted to $X per ton, falling by -2.4% against the previous year. In general, the import price showed a perceptible contraction. The growth pace was the most rapid in 2018 an increase of 12% against the previous year. Global import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per ton), while Iraq ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+14.5%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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